Stocks Mixed After Fed Warning; Chips Rally on Taiwan Semi Outlook
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Dow Jones futures rose modestly Friday after market shrugged off Fed warning; Super Micro Computer jumped on strong prelim results.
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Taiwan Semiconductor led chips higher Thursday on bullish 2024 guidance; stock blasted out of base as Apple reclaimed market cap crown.
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Tesla stock hit 2-month lows as Model 3/Y prices invert; Humana guided lower on higher costs, sparking plunge.
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Several stocks flashing buy signals, including Taiwan Semi, ARM Holdings, DraftKings and AppLovin.
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Market rally emphasized positive news, major indexes in range with weakening breadth; earnings next two weeks could spark breakouts.